Cyril Amarchand Mangaldas acted as a legal counsel to Power Finance Corporation Limited in relation to refinancing of the existing debt of Hinduja National Power Corporation Limited

Cyril Amarchand Mangaldas (CAM) advised Power Finance Corporation Limited (“Lender”) in relation to refinancing of the existing debt of Hinduja National  Power Corporation Limited (“HNPCL”) to the tune of Rs.4916,00,00,000 (Rupees Four Thousand Nine Hundred Sixteen Crore only), which was availed by HNPCL for setting up of its 1040 MW coal based thermal power project in the state of Andhra Pradesh.

The transaction team was led by Amey Pathak, Partner & Head – Banking; and Yash Jain, Partner; with the support from Hariharan Kumar, Principal Associate; Aayush Kakodkar, Associate;  and Gauransh Gaur, Associate. Anubhav Khandelwal, Associate; assisted with the due diligence exercise.

Other parties to the transaction include: Coeus Advisors (Acted as advisor to Hinduja National Power Corporation Limited).